The Board of Directors of Magnit recommended to the annual meeting of shareholders the amount of dividends per ordinary share of 191.5 rubles by the end of 2023. The total amount of recommended dividends is 10 million rubles. The remaining profit in the amount of RUB 17.41 million is recommended to be used to increase the value of the net assets of PJSC Magnit. This is stated in the company's message.
The Annual meeting of Shareholders will be held in the form of absentee voting. The deadline for accepting voting ballots is June 21, 2024.
Recall that the shareholders of Magnit at the annual meeting on December 28, 2023 decided to pay dividends on ordinary registered shares in the amount of more than 42 billion rubles. It was decided to allocate 412.13 rubles per share.
PJSC Magnit (Krasnodar, INN 2309085638) is a holding company of a group of companies engaged in retail trade through a chain of stores of the same name. The total number of stores in the chain as of December 31, 2023 was 29,165.
Magnit's net profit under IAS for 2023 increased by 94% to RUB 66.1 billion. Total revenue increased by 8.2% to 2.545 trillion rubles, net retail revenue increased by 9.1% to 2.509 trillion rubles. Gross profit increased by 7.8% to 577.3 billion rubles. EBITDA amounted to RUB 166.3 billion.
